Bitcoin investors can consider these points before cutting losses

ambcrypto.com:

The sell-off on the cryptocurrency market pushed the price of the largest cryptocurrency below the $20k mark. Now, Bitcoin [BTC] returns back to the $21,000 range, providing some relief to the investors.

But the question remains, can the bulls keep the momentum going?

Different Bitcoin holders seem to have entered a capitulation phase. Many even fear the end of the cryptocurrency reign. Consider this, the “Bitcoin Dead” searches on Google touched an all-time high over the last weekend. Alex Kruger, a famed economist, in a 20 June tweet highlighted this stat.

— Alex Krüger (@krugermacro) June 20, 2022

Nonetheless, such rock-bottom sentiments tend to bring out a potential rally. On-chain data provider Santiment opined,:

“Bitcoin’s plummet to $17.7k this weekend brought out the most discussion related to the #1 market cap asset in 2022. We often see major price reversals correlate precisely with high social volume rates, and $BTC has jumped +15.8% since.”

Here’s a graphical representation- BTC reaching the $17.7k mark caused the largest amount of BTC discussion of the year.

Source: Santiment

As past bore the witness, the low and negative sentiment could inject a potential rally as whales tend to accumulate.

On-chain analytics resource Whalemap, meanwhile, highlighted the dip-buying by major investors at levels below the seminal $20,000. This could become a great short-term support for the flagship coin.

The accumulation is quite large, >100k BTC, and happened on the 18th of June.

Prior to that, a large portion of